MBFX Forex System Overview
The core of this trading system is based on 2 indicators:
- The MBFX System indicator; and
- The MBFX Timing indicator
(the new version of MBFX now includes 2 more indicators not covered in this review)
Basically, the MBFX System indicator  shows us where prices are overbought or oversold.
Once prices touch either the red or green lines, we then look at the MBFX Timing indicator  to decide when to trade in the opposite direction.
…and that’s pretty much it.
What I Don’t Like About This System
This is a mean-reversion strategy, so its inherent weakness lies in strongly trending markets.
All mean-reversion trading strategies will perform poorly when prices are trending, and I’m guessing that’s why Mostafa Belkhayate (the system creator) added the MBFX Timing indicator. Without this indicator, this system would definitely be a lot less effective.
Take a look at the chart above – we can see that prices have touched the green MBFX System indicator line, signalling a potential BUY opportunity.
However, the MBFX Timing indicator has not changed color, so no trade should be taken.
This second indicator pays attention to the market price action before signalling a trade opportunity. It helps to avoid taking trades when prices are trending.
In my opinion, Mr. Belkhayate has dealt very well with the biggest weakness of this system.
What I Like About This System
I’ve spent a lot of time looking at price charts in the past, and I can see that the MBFX System indicator has been pretty much designed to profit from many of the market price tendencies that are (for the most part) invisible to untrained eyes.
It’s an elegant solution to avoiding random price fluctuations and taking high-winning probability, good risk-reward ratio trades.
Not Everything Is Useful
The new version of the MBFX system includes 2 new indicators (Opportunity Snatcher & New Trend Predictor) that are for the most part, useless.
The only thing here that deserves any merit is the MBFX System indicator (those colorful lines you see on the chart), and maybe the Timing indicator. If you’ve read my Candlesticks Made Easy e-book, the Timing indicator isn’t needed.
Also, the site now offers trade signals. I’ve never tested it so I don’t have an opinion about it.
My Experience with the MBFX Forex System
How does the manual system fare in real-world trading?
Here’s a video I made while testing it on a live account:
As much as I like this system (and the principles upon which it operates), there are a few important points you should take note of.
First, is that the system takes quite a raw approach to trading.
What I mean by this is that unless you’re already an advanced trader, chances are that you’d be suffering from a fair number of losing trades, without understanding why.
As mentioned in the video above, I pay attention to a number of factors that were not mentioned in the system manual.
The manual explains how to use the system, but unfortunately does not detail the particular situations of how and when it should not be used.
I suspect that one of the reasons I was immediately successful with this system is because I incorporated my own set of Do’s and Don’ts to it, based on my own trading experience.
I will be providing you with 2 links to the site. One affiliate link, and one regular link.
If you make a purchase using the affiliate link, I will be compensated for recommending the system to you. You won’t be paying anything extra — the compensation comes from a portion of the seller’s profits.
If you decide not to purchase with the affiliate link, that’s cool. No hard feelings. I hope you enjoy trading with the system as much as I do.
An Ethical Bribe
For those who use my affiliate link, I’ve written a 10-page report with the details of the Do’s and Don’ts that I mentioned:
Again, this will not cost you anything extra.
To get this report, make sure that on the payment page, you see the words [affiliate = pipmavens] at the bottom:
After your purchase, you will be provided with a 8-character Clickbank receipt number.
Then simply send me an email with your receipt number and I’ll send you the report. Easy!
The MBFX indicator is effective at identifying price areas to enter a trade. This, together with the Timing indicator (or with what I’ve covered in Candlesticks Made Easy), is pretty much all you need to get started.
On it’s own, this system does have a few drawbacks, but my bonus report will eliminate most of them.
The MBFX Forex System is easy to learn, and based on my testing, reasonably profitable.
If I had absolutely no experience trading and had only $100 in my pocket, this is what I’d start with.
Affiliate link: Click Here
Regular link: Click Here